THE SENATE

THE TWENTY-FOURTH LEGISLATURE

REGULAR SESSION OF 2008

 

COMMITTEE ON ECONOMIC DEVELOPMENT AND TAXATION

Senator Carol Fukunaga, Chair

Senator Will Espero, Vice Chair

 

 

MEASURES DEFERRED TO THURSDAY, FEBRUARY 14, 2008

 

DATE:

Thursday, February 14, 2008

TIME:

1:15 p.m.

PLACE:

Conference Room 224

State Capitol

415 South Beretania Street

 

DECISION MAKING ON THE FOLLOWING MEASURE(S):

(Deferred from Tuesday, February 12, 2008)

 

SB 3165

Testimony

RELATING TO TAXATION.

Specifies that a county shall not grant an exemption from GET or receipt taxes for a mixed use transit oriented joint development project; exempts from GET a project developed to provide affordable rental housing or a community health care facility within a mixed use transit oriented joint development project; exempts from GET amounts received by the operator of a county fixed guideway transportation system operated under an operating contract with a county or political subdivision.

 

EDT/TIA/HSP, WAM

(Note:  The Committee on TIA will hold its decision making on February 14, 2008 at 3:30 pm in conference room 224.  The Committee on HSP will hold its decision making on February 14, 2008 at 9:00 am in conference room 224.)

 

SB 3167

Testimony

RELATING TO KAKAAKO.

Provides an unspecified tax credit for real property in the Kakaako community development district zoned I-1 and I-2 for a portion of the industrial real property tax assessment imposed by the city and county of Honolulu; provided that the property was in use for light industrial, wholesaling, or service and commercial operations in the year in which the tax credit is taken and retains I-1 or I-2 zoning; clarifies that the HCDA may, not shall, affix assessments against real property for district-wide improvements.

 

EDT, WAM

SB 2273

Testimony

RELATING TO DIGITAL MEDIA.

Authorizes the department of labor and industrial relations to implement and operate media production training programs.  Amends the motion picture, digital media, and film production income tax credit to allow a tax credit on fifty per cent of wages paid to below-the-line crew who are Hawaii residents that meet certain training and certification requirements.

 

EDT, WAM

SB 591, SD1

Testimony

RELATING TO TAXATION.

Repeals and reenacts the capital goods excise tax credit in order to reflect the definitions and other references to the Internal Revenue Code of 1954, as amended. (SD1)

 

EDT, WAM

SB 2049, SD1

Testimony

RELATING TO TAXATION.

Provides a tax credit to taxpayer caregivers who care for qualified care recipients; requires the executive office on aging to submit a report to the legislature evaluating the program after three years; makes appropriation to the department of taxation to disseminate information on executive office of aging caregiver support information and services.  (SD1)

 

HSP, EDT, WAM

SB 2047, SD1

Testimony

RELATING TO TAXATION.

Establishes an income tax credit for taxpayers who make modifications to their homes to accommodate individuals with disabilities or facilitate aging‑in‑place.  (SD1)

 

HSP, EDT, WAM

SB 2225, SD1

Testimony

RELATING TO HOUSING.

Appropriates funds for various homeless and housing programs and projects.  Repeals sunset date for allocation of conveyance tax to the rental housing trust fund.  Provides funding for various public housing and homeless programs.  (SD1)

 

CPH/HSP, EDT, WAM

SB 2981, SD1

Testimony

RELATING TO LOW-INCOME HOUSING TAX CREDITS.

Reduces the period over which state low-income housing tax credits are taken from 10 years to 5 years.  (SD1)

 

HSP, EDT, WAM

SB 3111, SD1

Testimony

RELATING TO TAXATION.

Provides an additional exemption for those with a dependent aged 18 and under with adjusted gross incomes of $200,000 or less.  Modifies and increases the child and dependent care credit.  (SD1)

 

HSP, EDT, WAM

SB 2660, SD1

Testimony

RELATING TO COLLEGE SAVINGS PROGRAMS.

Provides an annual maximum deduction of $5,000 per individual or $10,000 for a married couple filing jointly against their taxable income for contributions made to a section 529 college savings program in calendar year 2008 and beyond.  Establishes a $75,000 cap on the total tax deduction per college savings account.  Requires Hawaii financial institutions to provide college savings account information to interested parties.  (SD1)

 

EDU, EDT, WAM

SB 3127

Testimony

RELATING TO THE UNIVERSITY OF HAWAII.

To increase the sources of revenue available to support the Cancer Research Center of Hawaii.

 

EDU, EDT, WAM

SB 2300, SD1

Testimony

RELATING TO TAXATION.

Provides a tax credit to teachers for professional development and training expenses.  (SD1)

 

EDU, EDT, WAM

SB 2623

Testimony

RELATING TO RENEWABLE ENERGY TECHNOLOGIES.

Expands the renewable energy technologies tax credit to include solar electric energy systems.

 

ENE, EDT, WAM

SB 2764, SD1

Testimony

RELATING TO ETHANOL FACILITY TAX CREDIT.

Repeals the qualifying capacity limits of ethanol production facilities, provides a vehicle to change the total tax credits allowed per year, and repeals the sunset provision with respect to the total annual nameplate capacity for qualifying ethanol production facilities.  (SD1)

 

ENE, EDT, WAM

SB 2766, SD1

Testimony

RELATING TO ETHANOL.

Creates a tax credit for retail stations for the installation of E-85 fueling facilities.  Effective 7/1/2050.  (SD1)

 

ENE/CPH, EDT, WAM

 

 

 

 

No testimony will be accepted.

 

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 808-586-6890.